Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[BlindMayorBitcorn]

BCH is spiralling ever downwards in a nice orderly fashion. I approve of this.

All they do by mining massive numbers of blocks in a short period is create more available coin. more coin+ same demand = price drop.
if price drops, fees drop. fees drop, less chance of miners switching.
another EDA. more coins, same demand, cheaper price. if price drops, fees drop. fees drop, less chance of miners switching.
eventually you reach a point where nobody ever mines bch, no matter how many EDAs they do, because the price has dropped too low relative to BTC to make it worth it, and it screeches to a halt with a wet sounding plop.
You can already see it in the bch chart. People are figuring this out and hedging their bets. The crowd is dwindling.

[rjclarke2000]

BCH is spiralling ever downwards in a nice orderly fashion. I approve of this.

All they do by mining massive numbers of blocks in a short period is create more available coin. more coin+ same demand = price drop.
if price drops, fees drop. fees drop, less chance of miners switching.
another EDA. more coins, same demand, cheaper price. if price drops, fees drop. fees drop, less chance of miners switching.
eventually you reach a point where nobody ever mines bch, no matter how many EDAs they do, because the price has dropped too low relative to BTC to make it worth it, and it screeches to a halt with a wet sounding plop.
You can already see it in the bch chart. People are figuring this out and hedging their bets. The crowd is dwindling.

Can it be written off though? I mean do you not expect some huge manipulated pump later on?

I thought I'd mention I have traded all mine for btc now so I don't care about it anymore.

[gentlemand]

Can it be written off though? I mean do you not expect some huge manipulated pump later on?

I thought I'd mention I have traded all mine for btc now so I don't care about it anymore.

Of course it will. The people who bought it off the dumpers will mainly be the usual exchange pumpers. Even if miners slowly lose interest, pumpers are not so discerning. Stunning junk has gone through the roof repeatedly. This won't be any different.

[BlindMayorBitcorn]

Can it be written off though? I mean do you not expect some huge manipulated pump later on?

I thought I'd mention I have traded all mine for btc now so I don't care about it anymore.

Of course it will. The people who bought it off the dumpers will mainly be the usual exchange pumpers. Even if miners slowly lose interest, pumpers are not so discerning. Stunning junk has gone through the roof repeatedly. This won't be any different.

In my heart I know you're right.

[eXpl0sive]

BCH is spiralling ever downwards in a nice orderly fashion. I approve of this.

All they do by mining massive numbers of blocks in a short period is create more available coin. more coin+ same demand = price drop.
if price drops, fees drop. fees drop, less chance of miners switching.
another EDA. more coins, same demand, cheaper price. if price drops, fees drop. fees drop, less chance of miners switching.
eventually you reach a point where nobody ever mines bch, no matter how many EDAs they do, because the price has dropped too low relative to BTC to make it worth it, and it screeches to a halt with a wet sounding plop.
You can already see it in the bch chart. People are figuring this out and hedging their bets. The crowd is dwindling.

I doubt the faster mining has that much of an impact on supply. Given the 12.5 BitCH production per block, the new minted coins hardly have any meaningful impact against MILLIONS already existing (forked) coins. If there is any supply they have to worry about, it is the dump of all existing (MILLIONS) forked coins.

[Heater]

563 wall @ 4364 on stamp.  Getting more interesting soon.

Being eaten. 435 left.

83 left. It's gonna be eaten completely

Only 7 left. Engage rocket ship

[gentlemand]

In my heart I know you're right.

Be strong. It'll probably fall a long, long way from here before they ignite the engines. You'll have a grace period of extreme smugness.

[BlindMayorBitcorn]

In my heart I know you're right.

Be strong. It'll probably fall a long, long way from here before they ignite the engines. You'll have a grace period of extreme smugness.

[BlindMayorBitcorn]

BCH is spiralling ever downwards in a nice orderly fashion. I approve of this.

All they do by mining massive numbers of blocks in a short period is create more available coin. more coin+ same demand = price drop.
if price drops, fees drop. fees drop, less chance of miners switching.
another EDA. more coins, same demand, cheaper price. if price drops, fees drop. fees drop, less chance of miners switching.
eventually you reach a point where nobody ever mines bch, no matter how many EDAs they do, because the price has dropped too low relative to BTC to make it worth it, and it screeches to a halt with a wet sounding plop.
You can already see it in the bch chart. People are figuring this out and hedging their bets. The crowd is dwindling.

I doubt the faster mining has that much of an impact on supply. Given the 12.5 BitCH production per block, the new minted coins hardly have any meaningful impact against MILLIONS already existing (forked) coins. If there is any supply they have to worry about, it is the dump of all existing (MILLIONS) forked coins.

How has Coinbase justified not releasing their BCH's yet? The longer the price holds the less inclined people will be to dump when they do. Are they trying to stabilize the market?

[Elwar]

This is about go go up up up!

[empowering]

Meanwhile back on the High-street

Burger King launches WhopperCoin crypto-cash in Russia


http://www.bbc.co.uk/news/technology-41082388

....... here it comes.

2018 -2019 is Gentleman.

(Mainstream is coming to us... user need take no action... godmode enabled)

(ps I know its silly-and gimmicky- but its attention of the MS variety.. makes me think someone somewhere in BK is a BTC fan - step right up millennials step right up.  I bet we see a lot more gimmick crapcoins like this-which will lead some to burger tokens and some to the mumma BTC.. How long before every MacD and BK and other highstreet companies have millions of newbies asking "whats all  this crypto currency all about then?")

I do not want to not be able to walk down a high street and not see the white and orange B logo on every shop, restaurant , bar, bank, taxi, bus... website...

Ubiquity

[Meuh6879]

Notice the gap increase (200 USD then 500 USD then 1000 USD ... and after, rocket time !).
Oh, and ... it's only 1 year, too.

[machasm]

Meanwhile back on the High-street

Burger King launches WhopperCoin crypto-cash in Russia


http://www.bbc.co.uk/news/technology-41082388

....... here it comes.

2018 -2019 is Gentleman.

(Mainstream is coming to us... user need take no action... godmode enabled)

(ps I know its silly-and gimmicky- but its attention of the MS variety.. makes me think someone somewhere in BK is a BTC fan - step right up millennials step right up.  I bet we see a lot more gimmick crapcoins like this-which will lead some to burger tokens and some to the mumma BTC.. How long before every MacD and BK and other highstreet companies have millions of newbies asking "whats all  this crypto currency all about then?")

I do not want to not be able to walk down a high street and not see the white and orange B logo on every shop, restaurant , bar, bank, taxi, bus... website...

Ubiquity

Wonder how long before MSM stop referring to FIAT as "real money" and BTC takes that nomenclature?

The current cost of a Whopper in Russia suggests customers will be able to get a free sandwich for every five or six they buy with REAL MONEY.

[spiderbrain]

Hey everyone, stop selling for a minute, the ATH needs to stretch it's legs again.

[eXpl0sive]

[Ted E. Bare]

New all-time high incoming! 🚂

Confirmed.

Here we goooo

[In the silence]

It is starting to pump now to $4450 hope it can go up to $4500 and stay there for a week before proceeding to $5000

Someone/Somebody are hindering selling against that pump.

[RayX12]

Finex ATH 4540!!!!
Congrats!!!! BTC

[soullyG]

[Moon_Man]

$4500 nice